Internal Revenue Service audits (or "exams" in IRS lingo) are an integral part of the tax compliance landscape. Although statistically few returns are selected for exam each year, this fact tends to be of little comfort to the taxpayer who has won the "audit lottery." While CPAs cannot do much to prevent a client's return from being audited, they can perform a valuable service by assuring that the exam is no more of a burden on the client than is necessary and that the client's rights and interests are adequately safeguarded. Accomplishing this objective begins with a familiarity with the audit process.

Objectives:

LEARNING OBJECTIVES When you complete this course you will be able to:

Evaluate IRS audit trends and the audit selection process

Understand the types of IRS audits

Determine when IRS requests could be challenged

Become familiar with the timing, scope, and location of various IRS audits

Understand IRS audit techniques and inquiries and appeal rights

Manage the information document request process and evaluate the contents of a revenue agent report (RAR)

Understand how to update/amend related state income tax returns as affected by the Federal RAR

Major Topics:

TOPICS DISCUSSED

RAR: Revenue Adjustment Report

Preparing responses

Accounting for audit adjustments

Amended state tax returns

Installment Agreements

Offers in Compromise

The Assessment Process

The Collection Process for seizures and sales of taxpayer property

The IRS process for seizures and sales of taxpayer property

Who Should Attend:

Senior tax professionals in public accounting

Prerequisite:

Basic knowledge of general proceedings of IRS audits

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status:CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.